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Side-by-side financial comparison of 别样肉客 (BYND) and Lifeway Foods, Inc. (LWAY), based on the latest 10-Q / 10-K filings. Click either name above to swap in a different company.
别样肉客 is the larger business by last-quarter revenue ($61.6M vs $55.4M, roughly 1.1× Lifeway Foods, Inc.). On growth, Lifeway Foods, Inc. posted the faster year-over-year revenue change (18.0% vs -19.7%). Lifeway Foods, Inc. produced more free cash flow last quarter ($-17.4M vs $-49.8M). Over the past eight quarters, Lifeway Foods, Inc.'s revenue compounded faster (11.4% CAGR vs -9.7%).
Beyond Meat是一家植物基人造肉生产企业，由伊森·布朗于2009年创立，品牌简称Beyond。该公司主打各类替代动物肉的植物肉制品，产品于2012年率先在美国上市推出，目前是全球植物肉领域的知名领军品牌。
来福威食品公司是一家总部位于美国伊利诺伊州的健康食品企业，成立于1986年，是美国业内领先的开菲尔发酵益生菌产品供应商，这类产品主要用于调节人体微生物群平衡。
BYND vs LWAY — Head-to-Head
Income Statement — Q4 2025 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $61.6M | $55.4M |
| Net Profit | — | $2.5M |
| Gross Margin | -11.5% | 27.8% |
| Operating Margin | -211.4% | 6.8% |
| Net Margin | — | 4.6% |
| Revenue YoY | -19.7% | 18.0% |
| Net Profit YoY | — | 1688.1% |
| EPS (diluted) | $0.68 | $0.15 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align — see 8-quarter trend below.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history — bar widths are scaled to the larger of the two companies so you can eyeball the size gap and growth trajectory without doing math. Quarters aligned by calendar period (report date) so offset fiscal years line up.
| Q4 25 | $61.6M | $55.4M | ||
| Q3 25 | $70.2M | $57.1M | ||
| Q2 25 | $75.0M | $53.9M | ||
| Q1 25 | $68.7M | $46.1M | ||
| Q4 24 | $76.7M | $46.9M | ||
| Q3 24 | $81.0M | $46.1M | ||
| Q2 24 | $93.2M | $49.2M | ||
| Q1 24 | $75.6M | $44.6M |
| Q4 25 | — | $2.5M | ||
| Q3 25 | $-110.7M | $3.5M | ||
| Q2 25 | $-29.2M | $4.2M | ||
| Q1 25 | $-52.9M | $3.5M | ||
| Q4 24 | — | $-160.0K | ||
| Q3 24 | $-26.6M | $3.0M | ||
| Q2 24 | $-34.5M | $3.8M | ||
| Q1 24 | $-54.4M | $2.4M |
| Q4 25 | -11.5% | 27.8% | ||
| Q3 25 | 10.3% | 28.7% | ||
| Q2 25 | 11.5% | 28.6% | ||
| Q1 25 | -1.5% | 23.9% | ||
| Q4 24 | 13.1% | 25.3% | ||
| Q3 24 | 17.7% | 25.7% | ||
| Q2 24 | 14.7% | 27.0% | ||
| Q1 24 | 4.9% | 25.8% |
| Q4 25 | -211.4% | 6.8% | ||
| Q3 25 | -160.0% | 8.8% | ||
| Q2 25 | -46.6% | 10.8% | ||
| Q1 25 | -81.8% | 3.4% | ||
| Q4 24 | -49.3% | 1.5% | ||
| Q3 24 | -38.2% | 9.1% | ||
| Q2 24 | -36.4% | 11.0% | ||
| Q1 24 | -70.7% | 8.0% |
| Q4 25 | — | 4.6% | ||
| Q3 25 | -157.6% | 6.2% | ||
| Q2 25 | -39.0% | 7.9% | ||
| Q1 25 | -77.0% | 7.7% | ||
| Q4 24 | — | -0.3% | ||
| Q3 24 | -32.8% | 6.5% | ||
| Q2 24 | -37.0% | 7.7% | ||
| Q1 24 | -71.9% | 5.4% |
| Q4 25 | $0.68 | $0.15 | ||
| Q3 25 | $-1.44 | $0.23 | ||
| Q2 25 | $-0.38 | $0.28 | ||
| Q1 25 | $-0.69 | $0.23 | ||
| Q4 24 | $-0.65 | $0.00 | ||
| Q3 24 | $-0.41 | $0.19 | ||
| Q2 24 | $-0.53 | $0.25 | ||
| Q1 24 | $-0.84 | $0.16 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest filing — the kind of financial-strength check premium terminals charge for.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $203.9M | $5.6M |
| Total DebtLower is stronger | $415.7M | — |
| Stockholders' EquityBook value | $-997.0K | $85.8M |
| Total Assets | $614.7M | $105.6M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period so offset fiscal years match up.
| Q4 25 | $203.9M | $5.6M | ||
| Q3 25 | $117.3M | $23.0M | ||
| Q2 25 | $103.5M | $21.2M | ||
| Q1 25 | $102.1M | $19.4M | ||
| Q4 24 | $131.9M | $16.7M | ||
| Q3 24 | $121.7M | $20.6M | ||
| Q2 24 | $144.9M | $14.6M | ||
| Q1 24 | $157.9M | $12.0M |
| Q4 25 | $415.7M | — | ||
| Q3 25 | $1.2B | — | ||
| Q2 25 | $1.2B | — | ||
| Q1 25 | $1.1B | — | ||
| Q4 24 | $1.1B | — | ||
| Q3 24 | $1.1B | — | ||
| Q2 24 | $1.1B | — | ||
| Q1 24 | $1.1B | $2.5M |
| Q4 25 | $-997.0K | $85.8M | ||
| Q3 25 | $-784.1M | $82.8M | ||
| Q2 25 | $-677.0M | $78.7M | ||
| Q1 25 | $-649.5M | $74.2M | ||
| Q4 24 | $-601.2M | $71.9M | ||
| Q3 24 | $-611.9M | $71.5M | ||
| Q2 24 | $-590.0M | $68.0M | ||
| Q1 24 | $-561.4M | $63.5M |
| Q4 25 | $614.7M | $105.6M | ||
| Q3 25 | $599.7M | $109.5M | ||
| Q2 25 | $691.7M | $98.3M | ||
| Q1 25 | $643.8M | $93.7M | ||
| Q4 24 | $678.1M | $90.5M | ||
| Q3 24 | $692.9M | $91.3M | ||
| Q2 24 | $711.2M | $84.9M | ||
| Q1 24 | $735.0M | $82.8M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 0.04× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Net income can be massaged; cash flow is harder to fake.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-46.8M | $267.0K |
| Free Cash FlowOCF − Capex | $-49.8M | $-17.4M |
| FCF MarginFCF / Revenue | -80.8% | -31.5% |
| Capex IntensityCapex / Revenue; lower = less reinvestment burden | 4.8% | 31.9% |
| Cash ConversionOCF / Net Profit; >1× = earnings back up with cash | — | 0.11× |
| TTM Free Cash FlowTrailing 4 quarters | $-157.2M | $-16.4M |
8-quarter trend — quarters aligned by calendar period so offset fiscal years match up.
| Q4 25 | $-46.8M | $267.0K | ||
| Q3 25 | $-38.8M | $6.9M | ||
| Q2 25 | $-33.2M | $3.9M | ||
| Q1 25 | $-26.1M | $-150.0K | ||
| Q4 24 | $-29.0M | $-2.6M | ||
| Q3 24 | $-22.0M | $7.5M | ||
| Q2 24 | $-16.0M | $6.5M | ||
| Q1 24 | $-31.8M | $1.5M |
| Q4 25 | $-49.8M | $-17.4M | ||
| Q3 25 | $-41.7M | $1.8M | ||
| Q2 25 | $-35.1M | $1.6M | ||
| Q1 25 | $-30.6M | $-2.4M | ||
| Q4 24 | $-35.4M | $-3.8M | ||
| Q3 24 | $-24.1M | $5.9M | ||
| Q2 24 | $-17.3M | $5.1M | ||
| Q1 24 | $-33.0M | $-923.0K |
| Q4 25 | -80.8% | -31.5% | ||
| Q3 25 | -59.4% | 3.1% | ||
| Q2 25 | -46.9% | 3.0% | ||
| Q1 25 | -44.6% | -5.1% | ||
| Q4 24 | -46.2% | -8.2% | ||
| Q3 24 | -29.7% | 12.8% | ||
| Q2 24 | -18.6% | 10.4% | ||
| Q1 24 | -43.7% | -2.1% |
| Q4 25 | 4.8% | 31.9% | ||
| Q3 25 | 4.1% | 9.0% | ||
| Q2 25 | 2.6% | 4.3% | ||
| Q1 25 | 6.5% | 4.8% | ||
| Q4 24 | 8.4% | 2.7% | ||
| Q3 24 | 2.5% | 3.3% | ||
| Q2 24 | 1.4% | 2.9% | ||
| Q1 24 | 1.6% | 5.5% |
| Q4 25 | — | 0.11× | ||
| Q3 25 | — | 1.96× | ||
| Q2 25 | — | 0.92× | ||
| Q1 25 | — | -0.04× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 2.50× | ||
| Q2 24 | — | 1.73× | ||
| Q1 24 | — | 0.64× |
Financial Flow Comparison
Sankey diagram of revenue → gross profit → operating profit → net profit for each company. Charts shown full-width and stacked so both segment hierarchies are readable side-by-side on desktop and mobile.
Revenue Breakdown by Segment
BYND
Segment breakdown not available.
LWAY
| Drinkable Kefirotherthan Pro Bugs | $47.8M | 86% |
| Cheese | $4.7M | 8% |
| Cream And Other | $1.7M | 3% |
| Other | $1.2M | 2% |
